Sep, 30, 2025 — SPE FEDERAL CREDIT UNION is a federal credit union headquartered in STATE COLLEGE, PA with 3 branch locations and about $176.62 million in total assets. Opened 48 years ago in 1978, SPE FEDERAL CREDIT UNION has about 11,841 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SPE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1145 Benner Pike STATE COLLEGE, PA 16801 |
| Phone: | (814) 237-5458 |
| Fax: | |
| Website: | https://www.arizefcu.org |
| Branches: | 3 branch locations |
| Members: | 11,841 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24187 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1978 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $176,617,824 |
| CEO/Manager: | Michael J Meier |
| Chairperson: | Brad Lundsford |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 22,830,629 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 66,441,224 |
| Unsecured Loans | 12,799,432 |
| Other Loans | 34,736,209 |
| TOTAL LOANS | 113,976,865 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,009,322 |
| Land And Building | 10,691,387 |
| Other Fixed Assets | 995,319 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,418,914 |
| All Other Assets | 10,000 |
| TOTAL ASSETS | 176,617,824 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 422 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 767,956 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 1,600,000 |
| Share Drafts | 51,648,248 |
| Regular shares | 59,968,941 |
| All Other Shares & Deposits | 52,300,529 |
| TOTAL SHARES & DEPOSITS | 163,917,718 |
| TOTAL LIABILITIES | 166,286,096 |
| Regular Reserve | 0 |
| Other Reserves | -493,661 |
| Undivided Earnings | 10,825,389 |
| TOTAL EQUITY | 10,331,728 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 176,617,824 |
| INCOME & EXPENSE | |
| Loan Income | 6,192,733 |
| Investment Income | 772,839 |
| Other Income | 978,416 |
| Total Employee Compensation & Benefits | 2,782,659 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,447,097 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 783,411 |
| Cost of Funds | 1,940,039 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 384,323 |
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